If you've been lamenting how tough it is to get your offer to buy a home accepted these days, think about how much more difficult it is for those who must buy a new home BEFORE selling their existing one. After all, it's practically impossible to make a contingent offer --- defined as one that would allow you to sell your existing home first.
It's usually in this stressful environment that someone well-meaning; a friend, a co-worker, even a Realtor, will swoop in and advise our buyer to "Just get a bridge loan!," as if there is … (6 comments)
I never so much as played a single down of varsity football, but that didn't help me escape the Friday night lights, the pep rallies and late-game chants of the Tigerettes:
Be aggressive! B.E. aggressive! B.E. A.G.G. --- R.E.S.S.I.V.E!
Yes, when the game was fiercely competitive, when it seemed the team was down to its last drive, the attitude of everyone needed to change. The cheerleaders set the gears in motion. Gone were the soft-touch tactics --- the pom poms needed to come off. It was time to be aggressive. We're seeing that it's no different … (3 comments)
It is 2017's peak buying season in the San Francisco Bay Area and many buyers in this competitive, low-inventory market face a challenge greater than just the inability to find the right house. For them, there's actually a more pressing dilemma. Before they can even put in an offer on the home of their dreams, they've got a home of their own to sell first.
But it's not as if these buyers have a concern they won't sell their current house or even get top dollar for it. On the contrary, they're quite sure that once it's listed for … (2 comments)
The last several years have witnessed “sellers’ markets” in many areas. For the uninitiated, this means that as a home buyer, it has been of utmost importance to present a strong offer to any seller in the hopes that it may be accepted over others that perhaps have fewer complicating factors. It would seem then that all sellers would benefit from this climate, however, circumstances change when some of those same sellers must immediately turn around and then become buyers themselves. One aspect of a home purchase that can bedevil the “move up” buyer has … (25 comments)
This quote, attributed to George Bernard Shaw, is one I'd be willing to guess most of us have heard. I found it particularly applicable in light of a recent closing and thought I would share the connection I made. Here, at the apex of the "spring buying season," in one of the hottest seller's markets, at the very epicenter of the unreal bidding wars and all-cash grabs --- San Francisco --- I had a client sell, then buy, within a four month window. That's … (0 comments)
As we go into the remainder of the spring buying season and onto summer, I noticed that here in Marin County there are approximately 100 homes listed for sale in the price range between $780,000 and $950,000, so I wanted to reach out to every listing agent who has a property on the market in an area where we have been able to take advantage of the Fannie Mae hi cost loan limits. You may be thinking, "Why is a mortgage professional interested in contacting the seller's agent instead of the buyer's?" Here … (0 comments)
How to Rock a Bridge Loan
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